<k​ewbit:matrix.org> wtf do you need all that for :O

<k​ewbit:matrix.org> I have spent the last two days structuring this for haveno getting on the app stoes and it's a fucking headache. It's technically not crypto activity if it's decentralized, crypto activity is referred to you being custodian to crypto assets, 'exchange' only applies to your company making the exchange. The rules are different for google and the law though, google just consider anyt<clipped message>

<k​ewbit:matrix.org> hing that is to do with crypto as crypto whether it is legally defined or not. I found a way to use a stack of shell companies to provide anonymity and privacy to the volunteered 'stakeholders' its a pretty cheap structure if you dont want to be anonymous, but it like $1200 per board member per year to add the anonymity factor. It's massive overkill for an app that would actually<clipped message>

<k​ewbit:matrix.org> yeild the structure any profit... I was going to make a CCS proposal for it but tired af now.

<r​ecanman:kernal.eu> Incorporated in the US?

<k​ewbit:matrix.org> You read to quickly it creeps me out

<r​ecanman:kernal.eu> I've been told that I read extremely fast

<k​ewbit:matrix.org> Every time you just shoot right back like a bullet

<k​ewbit:matrix.org> It involves a offshore UK company (potentially with a UK crypto lisence they are one of the top accepting countries) but there is no privacy, for that, you'd need a marshal islands shell company to have voting rights on the UK company for each baord member that wants privacy they must register themselves a marshall islands company

<r​ecanman:kernal.eu> Interesting

<r​ecanman:kernal.eu> I think LocalMonero was doing something similar

<k​ewbit:matrix.org> but really this is only privacy in the context of the general public, perhaps certain governemnts could still aquire your data

<r​ecanman:kernal.eu> Yeah, of course

<k​ewbit:matrix.org> so that's it really no other way

<r​ecanman:kernal.eu> Answer is yes, not perhaps

<r​ecanman:kernal.eu> This is actually good knowledge to know. I'll read the law there at some point regarding this

<r​ecanman:kernal.eu> To keep in mind

<k​ewbit:matrix.org> well idk I have friends who have a ton of cash in marshall islands companies that their shouldnt have there and still, they roam free :)

<r​ecanman:kernal.eu> Not sure what went through my head. "good knowledge to know"

<r​ecanman:kernal.eu> Not for illegal activities I mean, for legal ones. Privacy for the incorporator

<k​ewbit:matrix.org> yeah will i know for a fact illegal they just turn a blind eye

<k​ewbit:matrix.org> unless it's terroism related or something serious

<r​ecanman:kernal.eu> I don't endorse any illegal activities

<k​ewbit:matrix.org> Who does?

<r​ecanman:kernal.eu> Just saying it

<k​ewbit:matrix.org> Oh as like a disclaimer

<r​ecanman:kernal.eu> But interesting to know about Marshall islands

<r​ecanman:kernal.eu> But interesting to know about Marshall Islands

<k​ewbit:matrix.org> I stick to the law, otherwise I wuldnt have bothered spending so long on it

<k​ewbit:matrix.org> my disclaimer and justification

<r​ecanman:kernal.eu> You should document this

<r​ecanman:kernal.eu> A tutorial of some sorts I guess

<r​ecanman:kernal.eu> offshoreincorporate.com/marshall-islands-ibcs

<r​ecanman:kernal.eu> Guess it already exists, no need then

<k​ewbit:matrix.org> LocalMonero however, you mentioned, was alegedly money laundering though and /or misappropriating illegal funds

<r​ecanman:kernal.eu> Really? Do you know anything?

<r​ecanman:kernal.eu> Alex would not say anything

<k​ewbit:matrix.org> It's a perfectly reasonable assumption to make but no, I don't 'know' anything

<r​ecanman:kernal.eu> Oh, okay. Silly of me to ask

<r​ecanman:kernal.eu> Fed just joined, probably going to do something...

<k​ewbit:matrix.org> Even if there was just 1 transaction that was fraud, they assisted in money laundering whether they knew it or not, by not being FCA approved doesnt do them any favours, but you cant be FCA approved unless you use KYC

<r​ecanman:kernal.eu> Yeah

<r​ecanman:kernal.eu> Pretty much impossible to prevent that

<k​ewbit:matrix.org> so in context, all the risk takers for haveno are the seednode operators and arbitrators which are abstract from the mere GUI client itself, despite this, it still poses a challenge for an app store listing

<k​ewbit:matrix.org> but with a well written understanding of this concept should help the app stores accept, that it's 1 not a custodial wallet, which does require licensing (non custodial do not), as least on the UK legislation and 2, no exchange of value is happening between the software company (us as software publishers) and their end user. Therefore should in fact be compliant with their terms a<clipped message>

<k​ewbit:matrix.org> s I have read them in full.

<k​ewbit:matrix.org> but trying to explain this idea toa reviewer whos first language is perhaps not english is difficult :)

<k​ewbit:matrix.org> I wish I just spent the time putting that in a blog post or reddit thread for discussion instead

<k​ewbit:matrix.org> this channel is fucking dead dude

<r​ecanman:kernal.eu> Not during meetings

<r​ecanman:kernal.eu> Europeans are asleep right now

<k​ewbit:matrix.org> even in meeting

<r​ecanman:kernal.eu> Mods are asleep!

<k​ewbit:matrix.org> pffft

<k​ewbit:matrix.org> im euro

<r​ecanman:kernal.eu> Oh. I just checked Prague time, it is 5am

<k​ewbit:matrix.org> they have good crypto laws too

<k​ewbit:matrix.org> el salvador too but high tax

<k​ewbit:matrix.org> dubai but no monero

<r​ecanman:kernal.eu> We'll see how US policy changes as Trump took office

<r​ecanman:kernal.eu> AFAIK he is pro-crypto

<k​ewbit:matrix.org> course it he is

<k​ewbit:matrix.org> he's a businessman

<k​ewbit:matrix.org> larry fink wasnt pro crypto until he could get a change to setup an ETF

<k​ewbit:matrix.org> larry fink wasnt pro crypto until he could get a chance to setup an ETF

<m​rnaif:matrix.org> Yeah the hard part is that if it requires yearly fee the company needs to be profitable. I just want to ask lawyers if I make it such way that in no way money enters temporary wallets and goes directly to merchants wallets, maybe then it doesn't qualify as money services business/VASP, so I won't need a license so just UK/Singapore/Estonia might work I believe? Though to accept ET<clipped message>

<m​rnaif:matrix.org> H with good UX I need to use a wallet pool of unique addresses, so technically it can be qualified as "touching" the money. But with all other currencies I'm all good

Revuo Monero Issue 217: October 31 - November 7, 2024. revuo-xmr.com/weekly/issue-217

<o​frnxmr:monero.social> Localmonero was in the plat store, wasnt it?

<k​ewbit:matrix.org> Yes and still is I believe

<k​ewbit:matrix.org> but doesn't work

<k​ewbit:matrix.org> You can;t trade anymore, they seem to be hibernating

<k​ewbit:matrix.org> Who owns it, does anyone know?

<k​ewbit:matrix.org> Does he float around in these ponds?

<k​ewbit:matrix.org> Perhaps from the shadows

MoneroKon dates confirmed for 20-22 June 2025, being held @ La Fabrika/Second Culture (previously known as Paralelni Polis)

<o​frnxmr:monero.social> Alex, yes he's here

<o​frnxmr:monero.social> Alex | LocalMonero | AgoraDesk:

<k​ewbit:matrix.org> 🧐

<k​ewbit:matrix.org> Interesting

<k​ewbit:matrix.org> Wanna spill the beans? Sounds like an interesting story for the blog :D

<k​ewbit:matrix.org> I've keen eye on Ross Ulbritch though, I would do anything to interview him even reveal my face on camera...

<s​ync:crossbach.de> Why interview another drug dealer and convicted murderer?

<o​frnxmr:monero.social> Hes not convicted of murder

<o​frnxmr:monero.social> Those charges were dropped

<s​ync:crossbach.de> Did he not hire hitmen to kill people?

<o​frnxmr:monero.social> ^

<o​frnxmr:monero.social> Thats what the news said, not what his convictions say

<s​ync:crossbach.de> You're absolutely correct

<s​ync:crossbach.de> I haven't had a chance to catch up on the news and updates in a while

<o​frnxmr:monero.social> I don't watch or read the newd

<o​frnxmr:monero.social> I get my updates from monero-community

<s​ync:crossbach.de> Oh

^ this is the man Ross supposedly ordered a hit on. it appears he’s more afraid of the crooked DEA agent than Ross

<a​lex:agoradesk.com> We're closed. You can use the web app to login.

<r​ecanman:kernal.eu> Oh, Alex, you're still here

<k​ewbit:matrix.org> Was it basically as close down now, or we’re taking you in kinda deal? Alex | LocalMonero | AgoraDesk

<k​ewbit:matrix.org> Nevermind if it’s a touchy one :P

<k​ewbit:matrix.org> It's a touchy one

<o​frnxmr:monero.social> 👀

<o​frnxmr:monero.social> Theres an echo in here

<k​ewbit:matrix.org> touchy

<k​ewbit:matrix.org> reminds me of my uncle when I was like 5

<o​frnxmr:monero.social> He echoed a lot?

<k​ewbit:matrix.org> yes, exactly